7 1 point Assume Firm ABC signs a forward contract on December 1, 2025 to sell 100,000 Euro on March 1, 2026 at a forward rate of $1.20 per Euro. Below is exchange rate information for USD and Euro over time: Spot Rate Forward Rate (3/1/26) FV of Forward Contract 12/1/25 $1.20 $1.20 12/31/25 $1.18 $1.16 [?] 3/1/26 $1.17 n/a How will the forward contract be reported on 12/31/25? O $4,000 asset $2,000 asset $4,000 liability $2,000 liability